BTC
-0.70%
63,034.00
USD
▼
MXN ≈ 1,073,433
theguardian.com
US long-term borrowing costs hit 25-year high; weakening of UK’s EV sales targets criticised – business live
Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001Andy Burnham looks to cut new EV sales targetsInsurer Aviva said it is helping customers affected by the wildfires near Stourbridge in the West Midlands, but said the fires were “not material” for the company, my colleague Joanna Partridge reports.Aviva’s chief executive, Amanda Blanc, told reporters the company had been in contact with its customers “to make sure they’re in alternative accommodation”, adding: “It must be absolutely horrendous for those customers that have had their homes destroyed by fire.”“In the longer term, we’re always obviously looking at the pricing models around exposure management, about what more we could do, about how we can actually help customers to prevent some of these events. Are there things that you can build into properties that will actually mitigate some of these events, I’m thinking particularly of flooding. That is an area where we are working on resilience, so we can help our customers be better prepared for when these events happen.” Continue reading...
bbc.co.uk
Temporary ban on sale of disposable BBQs over wildfire risk
Single-use grills pose a "significant risk to the public" in current drought and heatwave conditions, the government warns.
theguardian.com
Thames Water plans to restart desalination plant – after drought has ended
Utility company’s plant, which has only run five times, now has an estimated total cost of £500mThames Water is preparing the UK’s only desalination plant to restart operations later this year – but it will not be ready until the winter, long after the current drought is likely to have passed.The utility company said that it was hoping to start operating its plant in Beckton, east London, “by the end of the year”, in order to help build up reservoir supplies over the winter for next summer. Continue reading...
theguardian.com
Andy Burnham moves to cut new EV sales targets
Possible cut from 80% down to as little as 50% could add millions of tonnes of CO2 to emissions and comes amid UK heatwavesAndy Burnham’s government has said it will look at cutting electric vehicle sales targets, in proposals that could add millions of tonnes a year to the UK’s carbon dioxide emissions.The government launched a consultation on Friday on cutting the target for new EVs to as little as 50% of all new cars in 2030, down from 80% under existing rules. The consultation will include several options, including leaving the headline target unchanged, or cutting it to 70%, 60% or 50%. Continue reading...
theguardian.com
Milk, wine, salad: how your food will be affected by the summer of heat
There are parched fields, overheating sheep and potentially the worst cereal harvest since detailed records began – but it’s a good year for cider applesAs parts of the UK swelter through a fifth successive climate crisis-driven heatwave and nearly three-quarters of England remains in drought, how are six homegrown products faring? Continue reading...
bbc.co.uk
Electric vehicle sales targets could be cut after pressure from car makers
The government says it is considering cutting the new electric car sales target from 80% to 50% by 2030.
theguardian.com
BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in JanuaryBP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield.BP will partner with two oil firms with close links to the Trump administration to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in Venezuela since the US ousted its leader Nicolás Maduro in January. Continue reading...
cnbc.com
How a niche copper trade became a real-time gauge of Trump’s next tariff move
The widening price of copper between two metals exchanges is offering investors a gauge of U.S. tariff risk.
cnbc.com
‘Absolutely unacceptable’: Japan PM Takaichi condemns Putin’s visit to disputed Kuril Islands
Japan protested Vladimir Putin’s first visit to the disputed Kuril Islands, escalating tensions over territory claimed by both Tokyo and Moscow.
cnbc.com
NATO aircraft shoot down drone over Latvia, which blames 'Russian electromagnetic warfare'
NATO fighters shot down a foreign drone over Latvia as Finland briefly restricted airspace and sea areas amid heightened Baltic security concerns.
cnbc.com
AI’s infrastructure boom is getting more leveraged — and harder to track
AI’s infrastructure boom is increasingly being funded through bonds, leases and private capital, while leveraged investors add another layer of market risk.
cnbc.com
U.S. to use economic tactics on Iran 'that have never been seen'; Navy works to relieve troubled carrier USS Abraham Lincoln
"It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz," Bessent said.
bbc.co.uk
Selena Gomez sued for alleged fraud over mental health company
Investors say the actor and singer did not take an "active role" in the company as promised.
theguardian.com
US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
Exclusive: Companies that kept policies did just as well financially, even after Trump’s executive order, as those that didn’tConservative backlash was supposed to put an end to the diversity, inclusion and equity (DEI) movement as companies were warned “go woke, go broke”.In January 2025, Donald Trump delivered a death knell, ending DEI within the federal government with executive orders and threatening to target companies that still supported it. Companies including Google, Goldman Sachs, McDonald’s and Walmart that had embraced DEI years earlier fell into line and announced an end to their policies. Continue reading...
cnbc.com
Arm co-founder Hermann Hauser’s AI warning: The revolution is real, but so is the bubble risk
An investor who's witnessed every major technology for the last four decades joins CNBC's The Tech Download podcast.
theguardian.com
Running dry: drought-hit UK sporting venues and parched pitches – in pictures
With the UK experiencing the driest summer on record, we look at how the weather is affecting the pitches and courses across the country Continue reading...
theguardian.com
Ryanair window that passenger was partly sucked out of was broken by engine debris, report finds
Fan blade broke off shortly after takeoff on 10 July flight from Greece to Germany, preliminary findings showBusiness live – latest updatesBroken engine parts were responsible for shattering a window on a Ryanair plane, causing a passenger to be partly sucked out mid-flight in July, US investigators have said.A preliminary report by the National Transportation Safety Board (NTSB) found an engine fan blade broke off shortly after takeoff on the 10 July flight from Greece to Germany shattering the window and damaging the fuselage. Continue reading...
theguardian.com
Gen Z and millennials have it far worse than my generation. Here's why | Opinion
'I know my age group has called the young lazy, entitled snowflakes,' says Guardian columnist Polly Toynbee, who has been writing for the Guardian for nearly 50 years. 'But I know whose side I’m on and it’s not my own generation’s.'Polly believes that the social contract between younger and older generations has been broken, with gen Z and millennials set to be worse off than their parents in the face of soaring unemployment, stagnating wages and ballooning house prices. New research carried out for the BBC suggests that people in their 20s are facing a worse start to adulthood than any other generation in almost half a century, with more than 40% of 25-year-olds now living with their parents.Watch to find out why Polly thinks her generation owes the younger ones an apology - and how they can right these wrongs Continue reading...
cnbc.com
Nintendo shares pop 7% after 'Pokémon Pokopia' sales top 5 million
Nintendo has been grappling with rising memory prices which forced the company to raise prices of its Switch 2 console which went on sale just over a year ago.
bbc.co.uk
US says dozens of countries helped China dodge Trump's tariffs
A new US report said China had moved goods through nations with lower tariffs to dodge higher levies.
cnbc.com
Trump ally Nigel Farage wins special election to return to UK parliament
Farage stepped down last month to trigger the vote, branding it a fight against "the establishment," amid controversy over his finances.
cnbc.com
China built robots that can do backflips – but can they make money?
Unitree’s IPO will gauge investors’ appetite for a technology that has yet to prove its commercial viability amid intensifying geopolitical tensions.
theguardian.com
Taiwan's simulated internet blackout, explained – video
In Taipei on Thursday, the streets swiftly emptied into shelters as air raid sirens rang out and alerts pinged on mobile phones. These kinds of drills are the norm in cities across Taiwan, amid the growing threat posed by China across the strait. But this time, internet speeds were drastically cut, simulating a coordinated attack for the first time. Rafqa Touma speaks to Yu-chen Li, Guardian researcher on China affairs, who was on the ground‘Tiktok wouldn’t open at all’: Taiwan simulates an internet blackout, with an eye on China threat Continue reading...
theguardian.com
Standards watchdog resumes investigation into Nigel Farage over financial gifts
Reform UK leader’s return to Clacton restarts inquiry into £5m gift from crypto-billionaire and support from fraudster• UK politics live – latest updatesThe suspended parliamentary standards investigation into Nigel Farage over accusations he failed to declare gifts and donations has resumed after the Reform UK leader’s re-election as the MP for Clacton.The twofold investigation by Daniel Greenberg, the parliamentary commissioner for standards, was paused after Farage resigned from his seat and called a byelection in protest at what he said was unfair scrutiny of his finances. Continue reading...
bbc.co.uk
I got an £89 refund – how to cancel and avoid unwanted subscriptions
After the PM announced a crackdown on subscription traps, readers share how they got into and out of unwanted plans.
cnbc.com
Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk
Tata Sons Chairman's sudden exit plan has sparked concerns over the Indian multinational's commitment to invest big bucks in projects of national importance.
cnbc.com
CNBC Daily Open: Washington tightens squeeze on the Iranian economy
The U.S. seeks to escalate pressure from blockade to financial isolation, while Iran races to build a way around it.
theguardian.com
Oceania declares support for Infantino in boost for Fifa president but New Zealand breaks ranks
OFC’s 11 votes could prove crucial in Fifa electionStance shows continued backing from smaller nationsThe Oceania Football Confederation (OFC) has declared its support for Gianni Infantino following demands from Uefa, Concacaf and the Asian Football Confederation for the Fifa president to resign, in a development that further highlights world football’s civil war.After a meeting of its executive committee in Fiji on Wednesday, the OFC issued a statement on Friday praising “the progress achieved over the last decade” by Fifa in its first public comments since the abandoned World Cup sell-off plan emerged this month. Continue reading...
theguardian.com
Tougher crops and beaver dams: how UK farmers are tackling drought
Hit by heatwaves and low rainfall, food producers are finding novel solutions to help crops and cattle survivePonds and collection tanks, drought-resistant crops and a certain rodent. As the climate crisis brings more extreme weather to Britain, farmers are experimenting with new tactics to tackle drought – and flooding.The string of heatwaves and drought conditions experienced across vast swathes of Britain this summer has brought a series of challenges for food producers, particularly those growing crops more suited to the UK’s traditional climate. Continue reading...
theguardian.com
Tiny homes for sale in England – in pictures
From a historic former stable in the heart of London to a new-build ‘barn’ surrounded by open countryside Continue reading...
theguardian.com
Searches for UK homes with air conditioning more than double
Most owners would consider installing aircon as heatwaves lead buyers to focus on ability to stay cool, Rightmove saysSearches for homes for sale in the UK with air conditioning have more than doubled this summer as heatwaves push staying cool up the list of priorities for homebuyers, alongside nearness to good schools and transport links.In the week of the UK’s fifth heatwave, in which temperatures in parts of England hit 38C, the property website Rightmove said the heat was influencing how Britons thought about their homes, with more people paying attention to how comfortable a property would be during hotter weather. Continue reading...
theguardian.com
Builders, bakers and cheeseburger-makers: the UK workers struggling in extreme heat
From chefs to paramedics, workers tell the Guardian how they are coping and unions outline the changes needed in the workplaceIn the sweltering kitchen of the Plimsoll pub in north London, the head chef, Joshua Swinney, has a frozen tea towel wrapped around his neck to combat the heat.As temperatures exceeded 35C (95F) in the capital, workers who were not lucky enough to be in air-conditioned offices sweltered in the heat. Continue reading...
theguardian.com
‘Tiktok wouldn’t open at all’: Taiwan simulates an internet blackout, with an eye on China threat
Taiwan practised cutting off internet for the first time amid concerns about the safety of the undersea cables that form its ‘digital lifeline’In Taipei, the streets swiftly empty as air raid sirens ring out and alerts ping on mobile phones. Police officers usher any stragglers into shelters, leaving the capital suddenly deserted.In cities across Taiwan, these kinds of drills are a fact of life every year, amid the growing threat posed by China across the strait, but this time there is something different. Continue reading...
cnbc.com
Uber partners with China's Pony.ai for 2,000 robotaxis in Europe
The rollout comes as robotaxi fleet sizes become increasingly critical for commercialization.
cnbc.com
From Apple to Ford: How Chinese tech is becoming harder for global companies to ignore
Global companies are increasingly tapping Chinese technology for its growing capabilities and scale, even as geopolitical risks remain.
cnbc.com
Reddit stock jumps on inclusion in S&P 500
Reddit shares jumped on the company's inclusion in the S&P 500.
theguardian.com
Unemployed young people to join AI boot camps to get job-ready
Pilot scheme will provide three weeks of training as part of UK government’s latest attempt to address Neets crisisYoung people out of work or at risk of unemployment in the UK are to join “AI boot camps” where they harness the technology to get a foothold in the workplace.The government’s latest attempt to address the crisis in Neets – young people not in work or education – involves turning to a technology that many view as a potential threat to employment. Continue reading...
bbc.co.uk
'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings
Some traders are reeling from heavy losses after a brutal correction in South Korea's stock market.
bbc.co.uk
Engine parts smashed Ryanair window that man's head was sucked out of, report says
A preliminary report by US investigators says an engine fan blade broke on last month's flight from Greece to Germany.
cnbc.com
Apple's Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
As Tim Cook gets set to step down as Apple CEO, he's offering a glimpse into what he may be doing as chairman.
cnbc.com
OpenAI loses revenue chief Denise Dresser, second major executive departure in days
Denise Dresser's sudden departure could be a major blow to OpenAI as it pursues a blockbuster IPO.
theguardian.com
Donald Trump empowers US private companies to conduct cyber-attacks
President signed memorandum giving private sector a role in fighting ‘transnational criminal organizations’Donald Trump signed a memo on Wednesday that aims to give private companies the power to carry out offensive cyber-attacks against foreign criminal entities.The president signed a national security presidential memorandum directing his administration to “leverage the capability and innovation of the private sector to help conduct these cyber operations under the direction, control and authority of the US government”, the White House said. Continue reading...
cnbc.com
Anthropic CFO Krishna Rao is leading early IPO meetings with investors and has not discussed valuation, sources say
Anthropic CFO Krishna Rao is leading early investor meetings, which have focused on big-picture themes like its Claude AI models, management and more.
theguardian.com
Top Forbes editor reportedly fired after receiving $6m from business associate
Randall Lane left his job last month after accepting money from founder of firm that does business with magazineThe top editor of Forbes left his job last month and was reportedly dismissed for accepting $6m from the founder of a firm that does business with the magazine.The New York Times reported this week that Randall Lane was paid by RJ Shook, whose company, Shook Research, worked with Forbes since 2016 to publish rankings of wealth advisers. The payment was made after Shook sold a majority stake in the company to a private equity firm a year ago. Continue reading...
theguardian.com
Energy nationalism and interconnectors: the next power threat? | Nils Pratley
Solar eclipses are far easier to manage than Europe’s cross-border electricity politicsIn the end, the solar eclipse did not cause the electricity grid to flicker. The early drop-off in solar generation was manageable, just as the National Energy System Operator (Neso), the state-owned body responsible for keeping the lights on, predicted. Gas-fired generators still had to be paid nose-bleed prices to fire up, and power via high-voltage interconnectors to continental Europe was also expensively sourced. But the system worked.A summer of heatwaves, however, has highlighted European grids’ reliance on those interconnectors – including seven between the UK and the continent – in an age of extreme weather and greater use of intermittent renewables. On Thursday, another low-wind “heat dome” day, a fifth of power to the British grid was coming from the continent at 10am. Cables from France alone were meeting 11%, or 3.54 gigawatts, of demand, or more than twice as much as the output at that time from the UK’s entire fleet of windfarms. Continue reading...
theguardian.com
Andy Burnham’s great British rip-off list just got even longer | Letters
Readers respond to the prime minister’s promise to end unexpected payments and hidden catches for consumersMisleading discounts and obstructive cancellation procedures certainly deserve regulation. But presenting this as a significant response to the cost of living crisis feels like rearranging the cushions while the sofa is on fire (Subscriptions you can’t easily cancel, sales that aren’t sales – I’ll end the rip-offs that British people hate, 9 August).For millions of households, the problem is not finding the “unsubscribe” button. It is finding that £50 buys remarkably little at the supermarket, while housing and essential bills consume ever more of their income. Continue reading...
cnbc.com
Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on
Iran’s central bank chief said Thursday that the country is set to join the BRICS New Development Bank.
theguardian.com
Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025
Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companiesElon Musk received over 2.5m times as much compensation at Tesla as the company’s average worker, according to a new report on the growing gap between top corporate executives and their workers.Musk’s $158.3bn pay deal was an outlier but came as the gap between CEO and worker pay continued to grow. Excluding Musk, last year the average ratio of CEO to worker pay for the top S&P 500 companies was 312 to 1, up from a 285:1 ratio in 2024. With Musk, the average pay ratio was 5,387:1, according to the executive pay watch report released this week by the AFL-CIO, the largest federation of labor unions in the US. Continue reading...
cnbc.com
Trump-linked oil venture delays Greenland drilling plans after government warning
Greenland Energy Co. and joint venture partner 80 Mile have delayed planned oil drilling in Greenland until winter 2027.
bbc.co.uk
Harvey Nichols bought by owner of Sports Direct
The department store made famous by sitcom Absolutely Fabulous had warned it would cease trading.
bbc.co.uk
Bumble divides users by ditching its signature 'women-first' chat rule
The dating app's boss says the move is in response to a successful trial and a change in what users want.
bbc.co.uk
Water bills set to rise for many after firms permitted extra funding
Ofwat has given provisional approval for 13 water companies to charge customers more to pay for investments.
cnbc.com
Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions
Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month's intervention, Goldman Sachs says.
bbc.co.uk
Flock boss admits surveillance firm took too long to act over police abuse
US police officers have quit after using licence plate-reading cameras to track romantic partners.
theguardian.com
Trump has amassed staggering wealth in ‘most openly corrupt’ presidency
Ethics experts and Democrats express alarm as Trump uses office to grow his personal fortune to ‘unprecedented’ level Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value. Continue reading...
theguardian.com
Mark Zuckerberg says the future of AI is for everyone. But who owns it? | Raffi Krikorian
It’s a nice sentiment, but all AI users should ask three questions about their preferred choice of AI platformOn Monday, Mark Zuckerberg published a 6,500-word essay, The Future Is for Everyone. The essay came with something even rarer: a new Meta open-weight model. An open-weight AI model is the kind of AI with which you download the entire thing, and it works on your own computer (with or without the internet) and nobody can switch it off except for you. Almost every mainstream AI tool you use, whether it be Gemini, ChatGPT or Claude, is one you rent access to. Meta’s is one that you can download and actually own. I downloaded it before I finished the essay. So can you.This major move by the world’s largest tech heavyweight comes amid a summer heavy with AI news, full of nations at war. Washington against Beijing; tech founder against tech founder. But beneath those conflicts is a deeper contest between two kinds of power: a government that can order technology offline in an instant, and a company that can simply close your account. Neither is necessarily villainous. But the rest of us are not merely the audience in this fight; we are the prize. And the terms are already being written: intelligence on lease, a future we pay for but never quite own. Continue reading...
bbc.co.uk
Young people want better job prospects and housing
In a recent survey only 27% of respondents say they want to stay in Guernsey.
bbc.co.uk
Zero hours crackdown could cost firms up to £2.9bn a year
Labour's employment rights bill crackdown on zero hours contracts could cost businesses up to £2.9bn a year, new official analysis has found.
bbc.co.uk
Twitch users outraged as Amazon uses their content to train AI in opt-out feature
Users of the popular streaming platform criticised allowing Amazon to use their data by dafault.
theguardian.com
How our food became so dependent on oil
Global food prices have hit their highest level in over three years. We are told this is due to rising oil and energy costs, but how exactly do they affect prices? The most reported reason is that transport and fertiliser are to blame, but the reality is that the oil and gas industry is far more integrated in our food production than many of us realise. To get a better understanding, Josh Toussaint-Strauss takes a closer look at the production processes of three categories of food: meat, processed staples and fruit and vegetables. What he discovers is a level of involvement that is shocking Continue reading...
theguardian.com
UK economy shows surprising resilience – but that might not last | Richard Partington
Weaker growth, rising energy costs and persistent inflation mean Britain could face tougher times in the autumnUK economic growth slows downBusiness live – latest updatesIn the spring the International Monetary Fund warned Britain faced the heaviest economic blow from the Iran war among the world’s most advanced nations. Almost six months into the conflict, on the surface, the UK appears to be proving the forecasters wrong.The latest official figures show the UK maintained its pole position as the fastest growing economy in the G7 in the first half of 2026. Despite the gloomy international backdrop and yet more domestic political uncertainty, consumers have largely continued spending and business investment has boomed. Continue reading...
bbc.co.uk
UK economy grows but experts warn of challenging months ahead
Hot weather and the men's football World Cup boosted the economy but the Iran war may weigh on growth
cnbc.com
In pictures: Europe's best solar eclipse since 1999
A total solar eclipse crossed Iceland and Spain on Aug. 12, while much of Europe saw a partial eclipse and businesses benefited from demand.
cnbc.com
Ukraine attacks Russian grain export terminals in Black Sea, prompting warning about food markets
Ukraine has launched a heavy drone assault on warships and major Russian grain export terminals in the Black Sea port city of Novorossiysk.
theguardian.com
Lost jobs, inequality, rogue agents: why are we accepting oligarchs’ AI agenda? | Robert Reich
The dangers of AI become clearer every day. Why are we still acting as if we have no choice about our future?Rather than producing jobs, the US economy actually lost 23,000 jobs in July, according to Bureau of Labor Statistics data released on Friday. In addition, May and June’s job numbers were revised downward, showing a combined 103,000 fewer jobs than previously reported.As if this weren’t bad enough, wage growth has also slowed. Average hourly earnings rose by just 0.1% from June. Continue reading...
theguardian.com
Britain's scorched fields mean a food crisis – and the government is ignoring the one measure that would help | George Monbiot
This summer’s extreme weather and wars in Iran and Ukraine have made our need for food stockpiles more pressing than everWhen a business makes long-term plans, they call it prudence. When a government makes long-term plans, they call it communism. Any sustained state intervention attracts the prefix “Soviet-style”, and triggers vicious attacks across the billionaire media. So governments have developed a bias against long-term thinking. This may explain why we no longer maintain strategic food reserves.In Britain, where soils have parched, market analysts warn that we’re facing the most severe food security crisis in decades. In normal years, crop failures at home don’t threaten our security, thanks to global trade. This is one of the reasons why hunger and famines are rarer and less deadly than they used to be. But this is not a normal year, because the problem is now global. Continue reading...
cnbc.com
South Korea’s Kospi has staged a stunning comeback. How long will the bull market last?
South Korea's Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors piled back into the semiconductor giants that dominate the index.
bbc.co.uk
Charity awarded £100k for back to school support
From September, uniforms will be limited to three items requiring a school logo.
theguardian.com
Too smart to eat? Why octopus farms are such a slippery problem
As a controversial Spanish plan for sustainable meat on an industrial scale is dropped, it has revived the ethical debate over farming these intelligent wild animalsIn 2022 Nueva Pescanova, Spain’s largest fisheries business, announced it was investing €65m (£56m) in the world’s first industrial octopus farm and processing plant near the Canary Islands’ port of Las Palmas.Despite the creatures being notoriously difficult to farm, the company predicted that by 2025 it would be producing 3,000 tonnes of octopus a year on Gran Canaria. Continue reading...
cnbc.com
This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips
Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.
cnbc.com
EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.
cnbc.com
Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state
Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India's GIFT City.
bbc.co.uk
Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.
bbc.co.uk
Business Daily
Guinness owner Diageo launches a reset after profits fall and shares slide
bbc.co.uk
Trump sued over Truth Social's $100,000 early access service
The suit challenges Truth Social plan selling early access to Trump's market-moving posts.
theguardian.com
The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running | Editorial
A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipeline for global finance will continue. Earlier this month the Trump administration stepped in to help Tokyo stabilise its currency. “Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” Donald Trump explained. More help is likely to be on its way.But this is less a rescue of the yen than an attempt by Scott Bessent, the US treasury secretary, to preserve a cash spigot that benefits the US. Japan’s ultra-cheap money has become a global funding utility: bankers borrow yen, sell them for dollars and buy higher-returning US assets, notably tech shares. Rising American stock markets support collateral and investment. Japan’s “carry trade” is one of the reasons Wall Street can lever hundreds of billions into AI. Research suggests AI sucks up more than 1% of US GDP.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
Discord ordered to suspend livestreams in Brazil
Discord told the BBC it was "thoughtfully reviewing" the order by Brazil's data protection agency and it was "committed to user safety"
bbc.co.uk
US inflation eases as food and fuel costs cool
Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
bbc.co.uk
Spotify to add label for AI-generated artists and remove them from recommendations
The new feature, starting from mid-September, will tell listeners if an artist is AI-generated.
bbc.co.uk
Burnham warned Iran war could hit UK growth next year
The conflict in the Middle East has pushed up oil and fuel prices, and also disrupted supply chains.
cnbc.com
Solar eclipse drives Europe hotel prices to over $1,000 a night
Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.
cnbc.com
China’s answer to Boeing and Airbus makes first international flight — could COMAC challenge the aviation duopoly?
China’s C919 has made its first scheduled international commercial flight, a milestone in COMAC’s bid to challenge Boeing and Airbus globally.
bbc.co.uk
Bakery buys comedian's former sites after closure
Bakery business Janes Pantry confirms its plans to reopen at least 20 of the Coughlans shops.
theguardian.com
AI was supposed to destroy jobs. Where’s the carnage?
The AI jobs apocalypse never showed up. Still, jobs are changing and economists expect more to comeThe prediction was stark: artificial intelligence advancements would wipe out jobs en masse. “Half” of all entry-level white collar jobs would vanish, Anthropic’s CEO, Dario Amodei, said in May 2025. A month later, OpenAI’s CEO, Sam Altman, went further, foreseeing the end of “certain job categories”. Companies began citing AI in their layoffs. Workers organized. And students reconsidered their future careers.But a year later, the mass carnage hasn’t shown up. Continue reading...
bbc.co.uk
Jaguar Land Rover owner Tata Group's chairman to step down
Chandrasekaran said he would not seek reappointment when his term ends due to a lack of support from the Tata Sons board.
bbc.co.uk
Homes near pylons to get £250 a year off energy bills – first sites revealed
Households living within 1,600ft of upgraded pylons will get £250 a year off their electricity bills.
cnbc.com
Why the historic U.S.-Japan intervention has failed to halt the yen’s slide
The Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention less than two weeks ago.
theguardian.com
‘It’s been a revelation’: how heat pumps can cool your home in a heatwave
It might seem an unlikely way to stop overheating, but many owners have found the tech a lifeline in hot weather“If it is 35C outdoors, I can get the temperature down to 21C,” says Andrew Ingram of the sanctuary that his living room has provided this summer.“On the nights I’ve slept in there, you have to put your thick pyjamas on,” jokes Ingram, who lives in Maidenhead, Berkshire, with his wife, Sue. Continue reading...
theguardian.com
Eerie silence and ‘still surviving’: what happened next after steel town’s last blast furnace shut down
Exhibition in Port Talbot is part of project exploring how communities experience endings and transitionsMargaret Heggett, 95, does not remember a time when Port Talbot was ever quiet. Born and raised in the shadow of the steelworks, with a father, brother and husband who worked there, she never imagined what the town could look or sound like without its blast furnaces.“I’m not saying it was beautiful, but there were jobs. We did know the closure was coming and we have to move with the times but it’s affected the town a lot and it’s very sad,” she said. Continue reading...
bbc.co.uk
Young islanders concerned about their future
The Medical Officer Health Report shows 36% of young people are certain they will leave the island.
bbc.co.uk
How affordable are Edinburgh's festivals?
The city is no stranger to complaints about soaring prices during August - but are costs on the rise?
bbc.co.uk
PM admits cost of living help is not enough and hints at further support
The PM has announced a rake of measures to help people since taking office three weeks ago.
bbc.co.uk
Tokenomics: Why making AI pay is tricky
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
bbc.co.uk
Sun-tanned cauliflowers and knobbly spuds - the heatwave veg that's good to eat
British shoppers should expect to see more wonky vegetables due to repeated heatwaves.
bbc.co.uk
Tributes to co-founder of John Pye auction house
A statement issued by the firm said "John lived a fantastic life full of laughter and hard work".
theguardian.com
Axe stamp duty? How Andy Burnham could change property tax
The new PM could bring in revenue for social care or defence with a land levy or by reforming council taxResidential property is the largest store of wealth in the UK, and has long been a target for those who believe homes should be taxed more. Real estate remains a juicy plum for Andy Burnham to pick as he searches for ways to pay for an overhaul of the social care system and higher defence spending, to name just two fiscal priorities. Yet how to tax property, or possibly the land it sits on, has vexed economists and politicians for centuries. Here we discuss the background to the debate and some of the tax options.• This article was amended on 11 August 2026. An earlier version said home occupiers in France must pay the taxe d’habitation; in fact, since 2023 this only applies to second homes. Continue reading...
theguardian.com
The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead
Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico borderLast April, the Trump administration rolled out its latest tool in the fight against Mexican cartels: an aggressive crackdown on money transfers near the US-Mexico border.The administration said that, in an effort to stop money laundering and other illicit activity, it would now require any business providing financial services in the region to report cash transactions over $200. Previously, the amount had been $10,000. Continue reading...
bbc.co.uk
The Global Story
Are we entering the Chinese Century, or is the Chinese Dream already fading for some?
bbc.co.uk
'I paid £400 for a Prada bag on Vinted - only to find it was fake'
A woman who paid £400 for a Prada handbag on Vinted later discovered it was a fake.
theguardian.com
Car hire firm told me I was a ‘no-show’ so I lost £185
I was delayed, but I had prepaid through Holiday Autos and had provided my flight number as requestedI booked a car hire at Heathrow through Holiday Autos on a visit to the UK and provided my flight number as requested.My flight was severely delayed, and when I reached the car hire desk, I was told I’d been marked down as a “no-show” and that my car had been rehired. Continue reading...
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
bbc.co.uk
Business Daily
Europe's biggest business district in Paris is turning vacant office space into housing
bbc.co.uk
Jeff Bezos and Liverpool explained
BBC Sport's Sam Harris breaks down the potential new investment of Jeff Bezos into Liverpool.
theguardian.com
‘It’s very challenging’: how the Duke of Westminster’s farm is taking on the climate crisis
Amid world pressure from heatwaves and fertiliser shortages, billionaire’s business has invested in circular farming and biomethaneThere is a distinctive smell of cow manure in the air at the Duke of Westminster’s dairy farm near Chester. It is a world away from the collection of grand West End properties controlled by the duke that form the backbone of his near £10bn fortune, a decade on from becoming Britain’s youngest billionaire.As part of his 349-year-old Grosvenor empire, Lea Manor Farm on the duke’s Eaton Estate in north-west England has fared better than most dairy farms in recent years. Continue reading...
cnbc.com
Meta to open source its most powerful AI model as it takes swipe at OpenAI, Anthropic
Meta launched Muse Glimmer and plans to release Muse Spark 1.2 weights as Zuckerberg pushes for U.S. leadership in open AI.
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
theguardian.com
Can Harvey Nichols find its way back to being Absolutely Fabulous again?
Mike Ashley says it’s in a ‘death spiral’ but a refocus on design could be what the department store needsSuch was the buzz around Harvey Nichols in its 90s heyday that the department store was regularly name-checked in Absolutely Fabulous, with Edina and Patsy’s frequent retail therapy trips to the store reflecting its position at the heart of the fashion industry at the time.How times change. These days Harvey Nichols is a business in trouble, one that has not turned a profit since the pandemic. Pre-tax losses were £35.3m in 2024. The retail chain – comprising the the original store in Knightsbridge, London, plus stores in cities including Bristol, Leeds and Manchester – was put up for sale in June by its current owner, Sir Dickson Poon, with Mike Ashley’s Frasers Group and Next bidding to take control. Continue reading...
bbc.co.uk
What do people want from Argos?
As Sainsbury agrees to sell Argos for £120m, we ask people if they still shop there, and what the new owners can do to compete with big online retailers like Amazon.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
First OpenAI, now Meta - why do AI hacks keep happening?
A flood of companies are revealing AI models gained access to the internet - with real consequences.
bbc.co.uk
Shorts, strappy tops and sandals: What is acceptable to wear to work?
Here's how to style for success while keeping your cool - and where you and your boss stand on your wardrobe.
bbc.co.uk
How tech is helping in the battle against wildfires
Tech is being used to watch for wildfires but firefighters are still needed to put them out.
bbc.co.uk
The cost of being single – and how friends are teaming up to beat it
Many singles face extra costs for housing, bills, food and holidays but there are ways to ease the burden.
bbc.co.uk
'I feel like I dug my own grave': The workers caught in the AI transition
AI is reshaping the Philippines' outsourcing industry, raising questions over the future of the industry.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
💬 Comments